GE Preps 2nd Equipment Loan Deal in 2 Months

GE Capital is preparing $746.576 million of notes backed by equipment loans, according to a regulatory filing.

Citigroup and JP Morgan are the joint bookrunners.

The deal, GE Equipment Transportation LLC Series 2013-2, consists of four classes of senior notes, including a $170 million tranche maturing in October 2014, a $224 million tranche maturing in June 2016, a $196 million tranche maturing in September 2017, and a $106.5 million tranche maturing in October 2021.

Two other subordinate tranches of notes, a B class for $25 million and a C class for $25.076 million, also mature in October 2021.

This will be GE’s second equipment loan securitization in two months, but only its second of the year; in September it printed a $446 million deal.

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